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521-523 Richmond St 3,000 SF of Retail Space Available in London, ON N6A 3E8
HIGHLIGHTS
- Take advantage of this rare opportunity to lease a fully equipped, exquisite, and licensed restaurant in the heart of London's vibrant Richmond Row
- Just steps from major venues like Budweiser Gardens and Canada Life Place, it is the perfect pre or post event dining spot
- Ideal for experienced operators ready to hit the ground running in one of Londons most dynamic corridors
- This location is a standout destination for locals and visitors alike
- The area is lively and walkable, surrounded by shops, entertainment, and a vibrant urban vibe
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
Take advantage of this rare opportunity to lease a fully equipped, exquisite, and licensed restaurant in the heart of London's vibrant Richmond Row. This location is a standout destination for locals and visitors alike. Just steps from major venues like Budweiser Gardens and Canada Life Place, it is the perfect pre or post event dining spot. The area is lively and walkable, surrounded by shops, entertainment, and a vibrant urban vibe. Located at 523 Richmond Street, this spacious venue offers a transferable liquor license for 187 indoor seats + 94 patio seats, private dining space, Net Rent = $12,500 per month + TMI = $6,200 per month. Their stunning patio has been recognized among Canadas Top 100 Outdoor Eateries by OpenTable, making this location a true hidden gem and a must-visit dining destination in downtown London. Set up for success with a turnkey layout, high foot traffic, and excellent exposure. Ideal for experienced operators ready to hit the ground running in one of Londons most dynamic corridors. Chattels & Equipment can be purchased from the Landlord for $100,000.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 521-523 RICHMOND ST, LONDON, ON N6A 3E8
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- Black Trumpet Restaurant
- Restaurant
- 1
- -
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| Black Trumpet Restaurant | Restaurant | 1 | - |
PROPERTY FACTS
| Total Space Available | 3,000 SF | Gross Leasable Area | 6,506 SF |
| Property Type | Retail | Year Built | 1964 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 3,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 6,506 SF |
| Year Built | 1964 |
ABOUT THE PROPERTY
Take advantage of this rare opportunity to lease a fully equipped, exquisite, and licensed restaurant in the heart of London's vibrant Richmond Row. This location is a standout destination for locals and visitors alike. Just steps from major venues like Budweiser Gardens and Canada Life Place, it is the perfect pre or post event dining spot. The area is lively and walkable, surrounded by shops, entertainment, and a vibrant urban vibe. Located at 523 Richmond Street, this spacious venue offers a transferable liquor license for 187 indoor seats + 94 patio seats, private dining space, Net Rent = $12,500 per month + TMI = $6,200 per month. Their stunning patio has been recognized among Canadas Top 100 Outdoor Eateries by OpenTable, making this location a true hidden gem and a must-visit dining destination in downtown London. Set up for success with a turnkey layout, high foot traffic, and excellent exposure. Ideal for experienced operators ready to hit the ground running in one of Londons most dynamic corridors. Chattels & Equipment can be purchased from the Landlord for $100,000.
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521-523 Richmond St
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